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Posted on 1/16/24 at 12:12 pm
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17023 posts
Posted on 1/16/24 at 12:12 pm
Holy shite. This thing is crashing
Posted by Billy Blanks
Member since Dec 2021
3809 posts
Posted on 1/16/24 at 12:32 pm to
Merger was blocked.
Posted by StonewallJack
Member since Apr 2008
695 posts
Posted on 1/16/24 at 12:36 pm to
Time to buy!!
Posted by The Egg
Houston, TX
Member since Dec 2004
79172 posts
Posted on 1/16/24 at 2:05 pm to
Bought at 7, that was a gift imo
Posted by StonewallJack
Member since Apr 2008
695 posts
Posted on 1/16/24 at 2:34 pm to
so instead of a buyout to save it, they risk bankruptcy??
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37140 posts
Posted on 1/16/24 at 3:56 pm to
quote:

so instead of a buyout to save it, they risk bankruptcy??


Right. If they go out of business, that has a stronger anti-competative impact than the buyout does.

Which makes me wonder if this wasn't an inside deal by JetBlue to blow this up. This was more and more looking like a terribe deal for JetBlue.
Posted by SlidellCajun
Slidell la
Member since May 2019
10458 posts
Posted on 1/16/24 at 4:19 pm to
Market share

Delta/southwest/american/United have 67% of market

Alaska 6.4%
JetBlue 5.4%
Spirit 5.1%
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37140 posts
Posted on 1/18/24 at 12:16 pm to
Tuesday it was right about 15.

This morning I bought some at 5.82. Not much, just some in my "play" account.

It's dropped another 25% today, down to 4.36 at this moment.

Stock is spooked and they have debt, but I feel like there is a place in the market for them... either alone or with someone else.
Posted by 632627
LA
Member since Dec 2011
12773 posts
Posted on 1/18/24 at 12:50 pm to
I don't understand the crazy drop.... wasn't JetBlue going to purchase around $30/share?

How could it be valued at $5 now?

Seems like jet blue got lucky the merger was blocked?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37140 posts
Posted on 1/18/24 at 4:01 pm to
I would think the liquidation value, net of debt, is more than the current stock price.

Also, why did this thread get the anchor?

Posted by slackster
Houston
Member since Mar 2009
85068 posts
Posted on 1/19/24 at 6:37 am to
quote:

Also, why did this thread get the anchor?


Title sucks.
Posted by Jag_Warrior
Virginia
Member since May 2015
4119 posts
Posted on 1/26/24 at 3:29 pm to
quote:

Bought at 7, that was a gift imo


If you don’t mind me asking, what’s your plan/goal? Is this a short term trade or a longer term investment?

BTW, I’m not your downvoter.
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